[Old French chatel
goods, property, from Medieval Latin capitale
, from neuter of capitalis
chief, principal see capital
an item of tangible or intangible personal property ;esp : chattel personal
in this entry NOTE: In some jurisdictions the term chattel is restricted to items of tangible and movable personal property. Other jurisdictions also classify intangible assets and property items as chattels. chattel personal pl: chattels personal :
an item of tangible movable personal property (as livestock or an automobile) that is not permanently connected with real estate chattel real pl: chattels real :
an interest (as a leasehold or profit a prendre) in an item of immovable property (as land or a building) that is less than a freehold estate compare fixture NOTE: Interests that are considered chattels real have been treated by the common law as personal property despite being interests in real property.